Autohome Inc Stock Forecast
Autohome Inc stock price ended at $26.90 on Friday, after gaining 1.74%.
(Updated on May 03, 2024)
The Autohome Inc stock price gained 1.74% on the last trading day (Friday, 3rd May 2024), rising from $26.44 to $26.90. During the last trading day the stock fluctuated 1.89% from a day low at $26.41 to a day high of $26.91. The price has risen in 7 of the last 10 days and is up by 10.79% over the past 2 weeks. Volume fell on the last day by -156 thousand shares and in total, 505 thousand shares were bought and sold for approximately $13.58 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $26.61, a level that may pose a second chance to hit a runner. According to fan-theory $29.17 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ATHM Signals & Forecast
Mostly positive signals in the chart today. The Autohome Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.90 and $25.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, March 28, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 28, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Autohome Inc stock
Autohome Inc finds support from accumulated volume at $26.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.500 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: $25.97 (-3.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (ATHM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Autohome Inc to open at $26.74, and during the day (based on 14 day Average True Range), to move between $26.27 and $27.53, which gives a possible trading interval of +/-$0.626 (+/-2.33%) up or down from last closing price. If Autohome Inc takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.89 (0.04%) than the resistance at $27.13 (0.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Autohome Inc will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.530. We will update the financials statements for Autohome Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.13% in the first trading day after earnings release.
Is Autohome Inc stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 3.848 Buy Candidate Unchanged
Predicted Opening Price for Autohome Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$26.74 ( 0.595%) | $26.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATHM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.24 | 1.26 % | |
R2 | 27.05 | 0.554 % | ||
R1 | 26.93 | 0.115 % | ||
Current price: | 26.90 | |||
Support | S1 | 26.55 | -1.30 % | |
S2 | 26.43 | -1.74 % | ||
S3 | 26.24 | -2.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.26 | 1.34 % | |
R2 | 27.17 | 1.00 % | ||
R1 | 27.13 | 0.86 % | ||
Current price | 26.90 | |||
Support | S1 | 26.89 | -0.0372% | |
S2 | 26.59 | -1.15% | ||
S3 | 25.97 | -3.46% |
ATHM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 14, 2023 | Dec 28, 2023 | Mar 27, 2024 | $1.13 | 4.26% |
2 | Feb 16, 2023 | Mar 20, 2023 | Apr 11, 2023 | $0.580 | 1.91% |
3 | Feb 24, 2022 | Mar 18, 2022 | Apr 05, 2022 | $0.530 | 1.64% |
4 | Feb 08, 2021 | Feb 24, 2021 | Mar 05, 2021 | $0.87 | 0.790% |
5 | Feb 19, 2020 | Apr 14, 2020 | Apr 22, 2020 | $0.770 | 1.02% |
FAQ
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